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NextEra Energy Inc Add to portfolio

INX:NEE, Feb 21, 08:26 UTC

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Wednesday, February 19


News

NextEra Energy announces sale of equity units

NEE

JUNO BEACH, Fla., Feb. 19, 2020 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) announced today that it has agreed to sell $2.5 billion of equity units to J.P. Morgan, Wells Fargo Securities, and BofA Securities. The transaction is expected to close on Feb. 21, 2020. NextEra Energy owns two electric companies in Florida: Florida Power & Light Company, which serves more than 5 million customer accounts in Florida and is the largest rate-regulated electric utility in the United States as measured by retail electricity produced and sold; and Gulf Power Company, which serves more than 470,000 customers in eight counties throughout northwest Florida. These risks and uncertainties include, but are not limited to, the following: effects of extensive regulation of NextEra Energy's business operations; inability of NextEra Energy to recover in a timely manner any significant amount of costs, a return on certain assets or a reasonable return on invested capital through base rates, cost recovery clauses, other regulatory mechanisms or otherwise; impact of political, regulatory and economic factors on regulatory decisions important to NextEra Energy; disallowance of cost recovery based on a finding of imprudent use of derivative instruments; effect of any reductions or modifications to, or elimination of, governmental incentives or policies that support utility scale renewable energy projects or the imposition of additional tax laws, policies or assessments on renewable energy; impact of new or revised laws, regulations, interpretations or ballot or regulatory initiatives on NextEra Energy; capital expenditures, increased operating costs and various liabilities attributable to environmental laws, regulations and other standards applicable to NextEra Energy; effects on NextEra Energy of federal or state laws or regulations mandating new or additional limits on the production of greenhouse gas emissions; exposure of NextEra Energy to significant and increasing compliance costs and substantial monetary penalties and other sanctions as a result of extensive federal regulation of its operations and businesses; effect on NextEra Energy of changes in tax laws, guidance or policies as well as in judgments and estimates used to determine tax-related asset and liability amounts; impact on NextEra Energy of adverse results of litigation; effect on NextEra Energy of failure to proceed with projects under development or inability to complete the construction of (or capital improvements to) electric generation, transmission and distribution facilities, gas infrastructure facilities or other facilities on schedule or within budget; impact on development and operating activities of NextEra Energy resulting from risks related to project siting, financing, construction, permitting, governmental approvals and the negotiation of project development agreements; risks involved in the operation and maintenance of electric generation, transmission and distribution facilities, gas infrastructure facilities, retail gas distribution system in Florida and other facilities; effect on NextEra Energy of a lack of growth or slower growth in the number of customers or in customer usage; impact on NextEra Energy of severe weather and other weather conditions; threats of terrorism and catastrophic events that could result from terrorism, cyberattacks or other attempts to disrupt NextEra Energy's business or the businesses of third parties; inability to obtain adequate insurance coverage for protection of NextEra Energy against significant losses and risk that insurance coverage does not provide protection against all significant losses; a prolonged period of low gas and oil prices could impact NextEra Energy's gas infrastructure business and cause NextEra Energy to delay or cancel certain gas infrastructure projects and could result in certain projects becoming impaired; risk of increased operating costs resulting from unfavorable supply costs necessary to provide full energy and capacity requirement services; inability or failure to manage properly or hedge effectively the commodity risk within its portfolio; effect of reductions in the liquidity of energy markets on NextEra Energy's ability to manage operational risks; effectiveness of NextEra Energy's risk management tools associated with its hedging and trading procedures to protect against significant losses, including the effect of unforeseen price variances from historical behavior; impact of unavailability or disruption of power transmission or commodity transportation facilities on sale and delivery of power or natural gas; exposure of NextEra Energy to credit and performance risk from customers, hedging counterparties and vendors; failure of counterparties to perform under derivative contracts or of requirement for NextEra Energy to post margin cash collateral under derivative contracts; failure or breach of NextEra Energy's information technology systems; risks to NextEra Energy's retail businesses from compromise of sensitive customer data; losses from volatility in the market values of derivative instruments and limited liquidity in OTC markets; impact of negative publicity; inability to maintain, negotiate or renegotiate acceptable franchise agreements; occurrence of work strikes or stoppages and increasing personnel costs; NextEra Energy's ability to successfully identify, complete and integrate acquisitions, including the effect of increased competition for acquisitions; environmental, health and financial risks associated with ownership and operation of nuclear generation facilities; liability of NextEra Energy for significant retrospective assessments and/or retrospective insurance premiums in the event of an incident at certain nuclear generation facilities; increased operating and capital expenditures and/or reduced revenues at nuclear generation facilities resulting from orders or new regulations of the Nuclear Regulatory Commission; inability to operate any of NextEra Energy's owned nuclear generation units through the end of their respective operating licenses or through expected shutdown; effect of disruptions, uncertainty or volatility in the credit and capital markets or actions by third parties in connection with project-specific or other financing arrangements on NextEra Energy's ability to fund its liquidity and capital needs and meet its growth objectives; inability to maintain current credit ratings; impairment of liquidity from inability of credit providers to fund their credit commitments or to maintain their current credit ratings; poor market performance and other economic factors that could affect NextEra Energy's defined benefit pension plan's funded status; poor market performance and other risks to the asset values of nuclear decommissioning funds; changes in market value and other risks to certain of NextEra Energy's investments; effect of inability of NextEra Energy subsidiaries to pay upstream dividends or repay funds to NextEra Energy or of NextEra Energy's performance under guarantees of subsidiary obligations on NextEra Energy's ability to meet its financial obligations and to pay dividends on its common stock; the fact that the amount and timing of dividends payable on NextEra Energy's common stock, as well as the dividend policy approved by NextEra Energy's board of directors from time to time, and changes to that policy, are within the sole discretion of NextEra Energy's board of directors and, if declared and paid, dividends may be in amounts that are less than might be expected by shareholders; NEP's inability to access sources of capital on commercially reasonable terms could have an effect on its ability to consummate future acquisitions and on the value of NextEra Energy's limited partner interest in NextEra Energy Operating Partners, LP; and effects of disruptions, uncertainty or volatility in the credit and capital markets on the market price of NextEra Energy's common stock.

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Thursday, February 13


News

NextEra Energy announces appointment of David L. Porges to board of directors

NEE

JUNO BEACH, Fla., Feb. 13, 2020 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced the appointment of David L. Porges to its board of directors. "Dave brings to our board a wealth of knowledge in finance, operations, and mergers and acquisitions, along with a proven track record as an experienced leader in the energy industry for more than two decades. We look forward to benefitting from his valuable insight and counsel as we continue to grow NextEra Energy and solve the world's toughest energy challenges." Mr. Porges served as a non-employee member of the board of directors of Equitrans Midstream Corporation, which was spun off from EQT Corporation, from November 2018 through December 2019 and served as the chairman of the board of Equitrans from November 2018 through July 2019. Prior to EQT, Mr. Porges spent 11 years with Bankers Trust Corporation, where he worked almost entirely with energy companies in a variety of areas, including mergers and acquisitions, structured finance and risk advisory.

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Wednesday, February 05


News

Royal Bank of Canada Reaffirms Buy Rating for NextEra Energy (NYSE:NEE) – Slater Sentinel

NEE

NextEra Energy (NYSE:NEE)‘s stock had its “buy” rating reaffirmed by equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Sunday, January 19th, AnalystRatings.com reports. Goldman Sachs Group cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and lifted their price target for the company from $236.00 to $256.00 in a research report on Wednesday, January 15th. During the same period in the prior year, the business posted $1.49 EPS. As a group, analysts forecast that NextEra Energy will post 9.07 EPS for the current year. First National Trust Co now owns 83,586 shares of the utilities provider’s stock valued at $20,241,000 after purchasing an additional 2,359 shares during the last quarter.

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Thursday, January 30


News

The Zacks Analyst Blog Highlights: Fomento Economico Mexicano, Southern Company, DISH Network, NextEra Energy and Charles Schwab

NEE SO +2 more NEE SO DISH SCHW

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. Shares of Southern Company have gained +26.7% in the past six months against the Zacks Electric Power industry's rise of +14.8%. With good rate base growth and constructive regulation, Southern Company is expected to generate steady earnings and dividend growth in the coming years. However, elevated leverage of the firm, along with continued timing and cost overrun issues over its Vogtle project, are major overhangs. While the electric utility holding company’s debt-to-capital ratio of 57% restricts financial flexibility, its $25-billion Vogtle nuclear plant has already exceeded budget and is years behind schedule. As such, Southern Company warrants a cautious stance from the investors.

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Tuesday, January 28


News

NextEra Energy (NYSE:NEE) Earns “Buy” Rating from Royal Bank of Canada – Slater Sentinel

NEE C

Finally, Goldman Sachs Group cut NextEra Energy from a “buy” rating to a “neutral” rating and upped their target price for the company from $236.00 to $256.00 in a research note on Wednesday, January 15th. The stock has a consensus rating of “Buy” and a consensus price target of $239.79. During the same quarter last year, the business posted $1.49 EPS. As a group, research analysts anticipate that NextEra Energy will post 9.02 EPS for the current fiscal year. In other news, Director James L. Robo sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 5th.

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Friday, January 24


News

3 Energy Dividend Stocks for Your List

NEE

In this week's episode of Industry Focus: Energy, Nick Sciple talks with Fool.com's Matt DiLallo about energy dividend plays. Matt shares three of his favorite dividend payers in the energy and industrials industry, and what he personally looks for in a company before he adds it to his portfolio. That's right -- they think these 10 stocks are even better buys. DiLallo: I tend to be very conservative with what I look for because I've gotten burned on dividend stocks.

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Story Sources

nasdaq.com fool.com
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News

NextEra Energy Generates High-End Results to End 2019

NEE

Overall, the clean energy focused utility grew its adjusted earnings per share by 8.7% versus 2018, which was above the top end of its 6% to 8% guidance range. That gave the company the power to generate a high-end total return of 43%, which outpaced both the S&P 500 Utility Index as well as the broader S&P 500. Finally, the company's energy resource segment produced solid results as earnings rose slightly to $326 million. For the full year, the renewable energy and gas pipeline business generated $1.7 billion, or $3.49 per share, of adjusted earnings, up 11% on a per-share basis. CEO Jim Robo stated in the earnings release that he would "be disappointed if we are not able to deliver financial results at or near the top end of our adjusted earnings per share expectations ranges in 2020, 2021 and 2022, while at the same time maintaining our strong credit ratings." For 2020, NextEra expects earnings growth in that 6% to 8% range, plus an additional $0.15 per share of accretion from Gulf Power as it benefits from its cost savings.

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Story Sources

nasdaq.com fool.com
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News

The Zacks Analyst Blog Highlights: Chevron, Netflix, NextEra, IBM and HCA

NEE NFLX +2 more NEE NFLX CVX IBM

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Chevron CVX, Netflix NFLX, NextEra Energy NEE, IBM IBM and HCA Healthcare HCA. Today's Research Daily features new research reports on 16 major stocks, including Chevron, Netflix and NextEra Energy. Chevron’s shares have outperformed the Zacks Integrated Oil industry over the past year (-0.6% vs. -6.7%), with the Zacks analyst crediting the oil super major's best-in-class production-growth profile for the outperformance.

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News

NextEra Energy fourth-quarter and full-year 2019 financial results available on company's website

NEE

Jim Robo, chairman and chief executive officer of NextEra Energy, Rebecca Kujawa, executive vice president, finance and chief financial officer of NextEra Energy, and other members of the company's senior management team will discuss the company's fourth-quarter and full-year 2019 financial results during an investor presentation to be webcast live, beginning at 9 a.m. Also discussed during the investor presentation will be financial results for NextEra Energy Partners, LP (NYSE: NEP). NextEra Energy owns two electric companies in Florida: Florida Power & Light Company, which serves more than 5 million customer accounts in Florida and is the largest rate-regulated electric utility in the United States as measured by retail electricity produced and sold; and Gulf Power Company, which serves more than 460,000 customers in eight counties throughout northwest Florida. NextEra Energy also owns a competitive energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage.

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Wednesday, January 22


News

NextEra Energy named to Forbes' list of America's Best Employers for Diversity for third consecutive year

NEE

The Best Employers for Diversity 2020 were chosen based on an independent survey from a representative sample of 60,000 employees working for companies employing at least 1,000 people in their U.S. operations. NextEra Energy was also recognized among the top 20 companies worldwide, across all industries, for innovation, people management and quality of management, as well as among the top 10 companies worldwide for social responsibility and use of corporate assets. Encouraging diverse thought creates better business decisions – At NextEra Energy, we provide an inclusive work environment that is free from discrimination and harassment on the basis of race, color, age, sex, national origin, religion, marital status, sexual orientation, gender identity, gender expression, genetics, disability or protected veteran status. Corporate diversity council and employee resource groups – NextEra Energy's corporate diversity council provides strategic guidance on corporatewide and business unit-specific diversity and inclusion initiatives, models inclusive behaviors and promotes diverse and inclusive leadership teams.

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